Review of Industrial Organization 22: 249, 2003.
© 2003 Kluwer Academic Publishers. Printed in the Netherlands.
Industrial Organization Society’s Fifth Annual
Awards: Distinguished Fellow Award
To WILLIAM S. COMANOR
The Industrial Organization Society’s Distinguished Fellow award is given annually in recognition
of excellence in Research, Education and Professional Leadership in the ﬁeld of Industrial Organ-
ization. This year’s selection committee consisted of Stephen Martin, Dennis Mueller and William
G. Shepherd. The award was presented on April 4, 2003, at the International Industrial Organization
Conference, which was held at Northeastern University.
The criterion for excellence in Research recognizes scholarship that led others to pursue new
directions or new methodologies in industrial organization. This component of the award also re-
cognizes scholarly endeavors that draw together or distill the research of others in a new or fruitful
The criterion for excellence in Education recognizes exemplary inﬂuence upon students and
policy makers in industrial organization.
The criterion for excellence in Professional Leadership recognizes endeavors to promote col-
legiality within the ﬁeld of industrial organization as well as the promotion of industrial organization
within the larger discipline of economics itself.
The Society announces that this year’s recipient of the award is William S. Comanor, whose work
in each of these areas is at the highest level.
He has a distinguished record of research on a range of topics, using the highest levels of technical
skill. They include several major areas. His early path-breaking research (with Thomas Wilson)
into advertising’s role became a ﬁxture in the literature. He studied deeply the economics of the
pharmaceutical industry, and (with Robert Smiley) he provided a major innovative study of market
power’s impact on the distribution of wealth.
His analyses of vertical restraints have been important, as has also his work on predatory actions.
This work has all been accomplished with high technical quality, lucid writing, and utter objectivity.
His body of research has raised the standard for the use of economic analysis in informing antitrust
policy. So have his added studies on antitrust policy in international markets and in Europe and Japan.
During 1965–1966 he was the ﬁrst Special Economic Assistant to Donald F. Turner, who was
then the head of the Antitrust Division of the U.S. Department of Justice. In addition, in the middle
1970s he was the chief economist of the Federal Trade Commission, as Director of its Bureau of
Economics. In these trail-blazing roles, he made important contributions to the nation’s antitrust
policies, affecting sectors throughout the economy and in nations abroad.
This research, which appears on graduate course reading lists and is cited both in frontier research
in economics and in law journals, has contributed to the education of cohort after cohort of industrial
economists. His efforts over the years in organizing activities of the Industrial Organization Society,
of which he is Past President, are evidence (if that were needed) of professional leadership.
On behalf of the Society, we are pleased to make this award.